Comments on: Karma http://www.ippoippo.net/blog/archives/2008-06-05/karma/ Sen ri no michi mo ippô yori hajimaru. Sat, 08 May 2010 13:19:01 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Gavin http://www.ippoippo.net/blog/archives/2008-06-05/karma/comment-page-1/#comment-5107 Gavin Mon, 09 Jun 2008 13:31:36 +0000 http://www.ippoippo.net/blog/archives/2008-06-05/karma/#comment-5107 Hi Daniel. Yes, that's true, though there will eventually come a point when just throwing more and more money at the problem will stop working. The problem with 'Peak Oil' is not just the stuff running out. It's when production peaks (i.e how much stuff you can get out of the ground at any one time). So, whilst it is 'economically viable' to get get the non-conventional stuff out of the ground, it's never to going to be produced at the same speed and amount as the 'easy-oil'. Also, another thing that has to be considered with 'non-conventional' sources is EROEI (Energy Return on Energy Investment). There will come a point where even if there is money to extract the stuff, there is no point because it's takes more energy to find the stuff and get it out of the ground, than the actual energy embedded in what you've just extracted. Hi Daniel.
Yes, that’s true, though there will eventually come a point when just throwing more and more money at the problem will stop working.

The problem with ‘Peak Oil’ is not just the stuff running out. It’s when production peaks (i.e how much stuff you can get out of the ground at any one time).
So, whilst it is ‘economically viable’ to get get the non-conventional stuff out of the ground, it’s never to going to be produced at the same speed and amount as the ‘easy-oil’.

Also, another thing that has to be considered with ‘non-conventional’ sources is EROEI (Energy Return on Energy Investment).
There will come a point where even if there is money to extract the stuff, there is no point because it’s takes more energy to find the stuff and get it out of the ground, than the actual energy embedded in what you’ve just extracted.

]]> By: Daniel http://www.ippoippo.net/blog/archives/2008-06-05/karma/comment-page-1/#comment-5102 Daniel Sun, 08 Jun 2008 21:11:06 +0000 http://www.ippoippo.net/blog/archives/2008-06-05/karma/#comment-5102 Higher prices just lead to companies starting to exploit oil field which aren't as easily harvested (deep sea, artic, oil sands etc.) as other fields... which in the end increases supply. Higher prices just lead to companies starting to exploit oil field which aren’t as easily harvested (deep sea, artic, oil sands etc.) as other fields… which in the end increases supply.

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